Queens Road, Hastings, TN34

£7,000

Description

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FOR SALE BY PUBLIC AUCTION Holiday Inn Hotel, London Southend Airport, Southend-on-Sea, Essex SS2 6XG Wednesday 27th March at 2pm

DEVELOPMENT POTENTIAL: A VACANT LEASEHOLD SELF-CONTAINED BASEMENT WITH POTENTIAL TO BE CONVERTED INTO AN APARTMENTThe basement which is currently being used for storage purposes has access from both the front and the rear of the building. It is considered that it is ideal for conversion into an apartment subject to gaining planning permission.The property is currently being used for storage purposes however it is considered to be ideal for conversion into a one or two bed apartment.The property is subject to a lease of 125 years from the date of 15th September 2016 with a ground rent of £250 per annum.Dedman Gray Auctions had not inspected the property at the time the catalogue entry was prepared.

Agent Details

Dedman Gray Auction

Show Contact Number

01702 311111

Investment Analysis

Annual Rent:

£0

Annual Mortgage Interest:

£105

Annual Costs:

£200

Net Profit:

£-305

ROCI:

-

Calculators

These figures are for illustration purposes, please adjust for greater accuracy.